The Best Property Management Software Programs
As real estate continues to embrace technology, stakeholders have the luxury to utilize advancements in property management software programs that help them manage extensive property portfolios.
From collecting rent, managing maintenance requests, generating lists of vacant properties and screening rental applications – portfolio management without a dedicated commercial property management software program can be a headache.
On the other hand, there are so many software applications available in the market that users are often left confused about what is the best rental property management software today.
Here, we have compiled a comprehensive list of the best rental property management software– along with the pros and cons of each of them.
Let’s get right into it:
As one of the most popular property management software options, Buildium stands out due to its intuitive application design and easily navigable interface.
That’s not all – Buildium supports a ‘guided tour’ feature that allows new users to get to know how it all works. The software also has a plethora of features – such as business operations, leasing tools, property management, and accounting.
While it does support native mobile applications, the features are not as extensive as the desktop version. Additionally, the mobile responsiveness of the site is also sub-par, leading to a loss in functionality.
- The app is very easy to use and laid out in a readable style
- Offers Free Trial
- The app’s mobile responsiveness may raise concerns
- The price point may appear high for some users
Appfolio is yet another leading commercial property management software that offers an extensive range of cloud-based tools for real estate stakeholders.
In addition to providing asset and financial data management solutions, the app also provides options that appeal to new renters and clients.
The platform is designed to streamline routine real estate processes and allows users to access unique business insights and keep track of maintenance. What’s more, it also has communication features for vendors, renters and owners alike.
However, with a minimum monthly fee of $250, the application may be priced too high for small property managers.
- Deep insights through business metrics
- Separate owner’s portal for reports and statements
- The price may be too high for some real estate property managers
Rent Manager is a comprehensive software for property management companies, applauded for its flexible nature that allows managers to add or remove properties.
It has a number of exclusive features designed to make your life easier. With a separate asset management database, integrated account management, work order options, and marketing solutions – the success of Rent Manager is well deserved.
A great feature of this app is its mobile-friendly design that allows users to accept payments, schedule service inspections and add work orders on the go. For tenants, the platform allows them to sign leases, pay rent and access real-time information from any device.
- Greater feasibility for all stakeholders
- Includes a built-in website creator
- Easy to setup
- It may take some time to learn your way around the Rent Manager app
- It chargers per user per month, as opposed to charging by the rental unit. This may be an issue for firms with a small number of units but more employees
In the end, the answer to “what is the best rental property management software” depends on multiple factors.
From your firm size to the types of properties you deal in and the features that you require the most – everything should be factored in to determine the best property management software programs for your business.
As industry leaders in property management, SLT Properties has extensive experience in helping people find the right fit for them.
Have more questions? Contact us now.